06 Jun

Industry Red Flags of Fraud

Have you ever thought about the fact that a particular industry in which a company operates creates risk factors for fraud? We call these industry red flags, and Tracy discusses some of the more common ones in this video, including:

  • Performance substantially out of line with competitors (either much better or much worse than others in the industry)
  • A highly competitive industry
  • Poor reputation within the industry
  • Market saturation
  • Declining margins
  • Industry declining in general
  • Industry affected by rapidly changing technology

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